SHAPOORJI PALLONJI FORBES SHIPPING LTD. (FORMERLY KNOWN AS SCI FORBES LTD.), MUMBAI V. THE INCOME TAX OFFICER 5(3)(2), MUMBAI

ITA 5473/MUM/2019

• Counselvise Citation: [2021] 109 COUNSELVISE.COM (IT) 6226 (ITAT-MUMBAI)
• Duration Of Justice: 1 year(s) 5 month(s) 7 day(s)
• Appeal Type: Income Tax Appeal
• Pronouncement Date: 29-01-2021
• Appeal Filed By: Assessee
• Order Result: Dismissed
• Bench Allotted: G
• Assessment Year: 2012-2013
• Appeal Filed On: 22-08-2019
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Department Lawyers: T S KHALSA
• Assessee Lawyers: M M GOLWALA

Judgement Text

1 ITA NO.5473-MUM-2019 IN THE INCOME TAX APPELLATE TRIBUNAL G BENCH, MUMBAI BEFORE SHRI PRAMOD KUMAR (VICE PRESIDENT) AND SHRI SAKTIJIT DEY ( JUDICIAL MEMBER) I.T.A. NO.5473/MUM/2019 (ASSESSMENT YEAR : 2012-13) SHAPOORJI PALLONJI FORBES SHIPPING LTD (FORMERLY KNOWN AS SCI FORBES LTD) M/S KALYANIWALLA & MISTRY LLP ESPLANADE HOUSE, 2 ND FLOOR, 29, HAZARIMAL SOMANI MARG FORT, MUMBAI-400 001 PAN : AAKCS0662F VS INCOME-TAX OFFICER-5(3)(2) MUMBAI APPELLANT RESPONDENT APPELLANT BY SHRI M.M. GOLWALA RESPONDENT BY SHRI T.S. KHALSA SR DR DATE OF HEARING 21-01-2021 DATE OF PRONOUNCEMENT 21 /01/2021 O R D E R PER BENCH THIS IS AN APPEAL BY THE ASSESSEE AGAINST ORDER DATED 14-06-2019 OF LEARNED COMMISSIONER OF INCOME TAX (APPEALS)-10, MUMBAI FOR THE ASSESSMENT YEAR 2012-13. 2. THE LEARNED COUNSEL FOR THE ASSESSEE SUBMITTED, THE ASSESSEE HAS FILED A DECLARATION UNDER THE DIRECT TAX VIVADH SE VISHWAS ACT, 2020 FOR SETTLING THE DISPUTE ARISING IN THIS APPEAL AND THE DESIGNATED AUTHORITY HAS ALSO ISSUED FORM NO.3. THUS, HE SOUGHT PERMISSION FOR WITHDRAWAL OF THE APPEAL. IN FACT, LETTER DATED 18-01-2021 IN THIS REGARD HAS ALSO BEEN FILED BY 2 ITA NO.5473-MUM-2019 THE LEARNED COUNSEL FOR THE ASSESSEE. THE LEARNED DEPARTMENTAL REPRESENTATIVE HAS NO OBJECTION FOR WITHDRAWAL OF THE APPEAL BY THE ASSESSEE. 3. IN VIEW OF THE FACTS DISCUSSED ABOVE, WE DISMISS THE APPEAL AS WITHDRAWN. 4. IN THE RESULT, APPEAL IS DISMISSED. ORDER PRONOUNCED IN THE OPEN COURT ON THIS 21/01/2021. SD/- SD/- (PRAMOD KUMAR ) (SAKTIJIT DEY) VICE PRESIDENT JUDICIAL MEMBER MUMBAI, DATED : 21/ 01/2021. PAVANAN, SR.P.S (ON CONTRACT) COPY OF THE ORDER FORWARDED TO : 1. THE APPELLANT. 2. THE RESPONENT. 3. THE CIT(A) 4. 4. THE CIT 5. D.R., ITAT, MUMBAI. 6. GUARD FILE. //TRUE COPY// BY ORDER I.T.A.T., MUMBAI.